Meeting Details

  • Meeting Type: 39th Annual General Meeting (AGM)
  • Date: Tuesday, September 29, 2026
  • Time: 11:00 a.m. to 11:43 a.m. (IST)
  • Location: Conducted through Video Conference/Other Audio Visual Means (VC/OAVM)
  • Cut-off Date: September 22, 2026 (for determining voting eligibility)

Proposed Resolutions and Implications

The AGM transacted three ordinary resolutions:

1. Adoption of Financial Statements: To receive, consider and adopt the Audited Standalone and Consolidated Balance Sheet as at March 31, 2026, and the Statement of Profit and Loss for the year ended on that date together with the Reports of Board of Directors and the Auditors thereon.

2. Dividend Confirmation: To confirm payment of 1st interim dividend of ₹2.75 (137.50%) on each paid-up equity share of ₹2 already paid for the financial year ended March 31, 2026.

3. Re-appointment of Managing Director: Re-appointment of Mr. Anmol Rashesh Bhansali (DIN: 07931599) as Managing Director, who retires by rotation and offered himself for re-appointment.

Voting Process and Methods

The voting was conducted through two methods:

  • Remote E-voting: Period commenced on Saturday, September 26, 2026 at 9:00 a.m. and ended on Monday, September 28, 2026 at 5:00 p.m. through MUFG Intime India Private Limited (MIIPL) platform
  • E-voting at AGM (Insta-Poll): Facility provided for 15 minutes during the AGM for members who had not voted remotely

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Total Votes Cast: 88,401,412 shares (58.7169% of outstanding shares)
  • Votes in Favor: 88,401,412 shares (99.9988% of votes cast)
  • Votes Against: 1,070 shares (0.0012% of votes cast)
  • Category-wise Breakdown:
  • Promoter & Promoter Group: 88,096,079 shares voted, 100% in favor
  • Public Institutions: 278,802 shares voted, 100% in favor
  • Public Non-Institutions: 27,601 shares voted, 96.1233% in favor, 3.8767% against

Resolution 2: Dividend Confirmation

  • Total Votes Cast: 88,402,478 shares (58.7176% of outstanding shares)
  • Votes in Favor: 88,402,478 shares (99.9987% of votes cast)
  • Votes Against: 1,115 shares (0.0013% of votes cast)
  • Category-wise Breakdown:
  • Promoter & Promoter Group: 88,096,079 shares voted, 100% in favor
  • Public Institutions: 278,802 shares voted, 100% in favor
  • Public Non-Institutions: 28,712 shares voted, 96.1166% in favor, 3.8834% against

Resolution 3: Re-appointment of Managing Director

  • Total Votes Cast: 88,401,266 shares (58.7169% of outstanding shares)
  • Votes in Favor: 88,401,266 shares (99.9988% of votes cast)
  • Votes Against: 1,070 shares (0.0012% of votes cast)
  • Category-wise Breakdown:
  • Promoter & Promoter Group: 88,096,079 shares voted, 100% in favor
  • Public Institutions: 278,802 shares voted, 100% in favor
  • Public Non-Institutions: 27,601 shares voted, 96.1233% in favor, 3.8767% against

Scrutinizer's Role and Findings

Mr. Rajnikant N. Shah, Company Secretary in Practice (Membership No. 1629) of R. N. Shah & Associates, was appointed as Scrutinizer. His findings include:

  • The remote e-voting results were unblocked on September 29, 2026 at approximately 11:45 a.m. in the presence of two independent witnesses
  • All three ordinary resolutions were passed with the requisite majority
  • Invalid/Abstain votes totaled 1,111 shares across all resolutions
  • All relevant records were sealed and handed over to Mr. Rashesh M. Bhansali, Chairman, for safe keeping

Compliance with Laws and Regulations

The meeting was conducted in compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013 and Companies (Management and Administration) Rules, 2014
  • MCA General Circular No. 20/2020 and subsequent circulars, latest being General Circular No. 03/2025 dated September 22, 2025
  • The notice was dispatched electronically to 76,518 members with registered email IDs
  • Advertisement was published in Business Standard (English) and Mumbai Lakshdeep (Marathi) on September 5, 2026

Additional Information

  • The meeting had 2 promoters and 44 public shareholders attending through VC
  • The Chairman provided a business overview highlighting FY 2025-26 financial performance, recently concluded QIP, retail business, and future outlook
  • Statutory and Secretarial Auditors' reports contained no qualifications or adverse remarks
  • The company's registered office is at Gems & Jewellery Complex, Santacruz Electronics Export Processing Zone, Andheri (East), Mumbai-400096